MicroStrategy posted a $12.54 billion net loss in Q1 2026, mainly from a $14.46 billion impairment on its bitcoin holdings as bitcoin's price fell from about $87,000 to $68,000. The company holds 818,334 BTC with an average purchase price of $75,537, currently valued at around $66.82 billion. Despite the loss, MicroStrategy's preferred stock STRC raised $5.58 billion this year, funding ongoing bitcoin purchases. With bitcoin rebounding above $80,000 in Q2, the company could see significant profits in the next quarter, shifting focus to upcoming strategic plans.
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
Frasers Group PLC has withheld financial guidance for the upcoming year due to uncertainty around its takeover bids for Hugo Boss and Accent Group. The retailer's full-year adjusted profit before tax fell 4% to £538 million, impacted by asset impairm...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
Gabriel Holding A/S has agreed to sell its European FurnMaster furniture manufacturing operations, including subsidiaries in Poland and Lithuania, to Leggett & Platt for an initial price of approximately EUR 9 million, with a possible additional paym...
A Gaza resident raised over £55,000 on GoFundMe to support his family but faced issues as the platform cannot pay directly to Gaza, forcing funds through intermediaries who failed to deliver the full amount. This highlights a broader problem in human...
